{"id":247034,"date":"2024-02-14T10:55:26","date_gmt":"2024-02-14T05:25:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=247034"},"modified":"2024-02-14T10:55:26","modified_gmt":"2024-02-14T05:25:26","slug":"bitcoin-etf-inflows-show-gold-disruption-can-come-sooner-than-expected-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-etf-inflows-show-gold-disruption-can-come-sooner-than-expected-crypto-news\/","title":{"rendered":"Bitcoin ETF Inflows Show Gold Disruption Can Come Sooner Than Expected – Crypto News"},"content":{"rendered":"

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The inflows in spot Bitcoin ETF have surged once again in February clocking nearly $500 million<\/a> a day before. Interestingly, the pace of inflows has caught investors\u2019 attention with many of them expecting that Bitcoin would eat into Gold\u2019s market share sooner than expected.<\/p>\n

Bitcoin (BTC) \u2013 A sound Money Asset<\/h3>\n

According to insights provided by on-chain data provider Checkmate, Bitcoin is steadily closing the gap on Gold, traditionally regarded as the premier sound money asset.<\/p>\n

<\/p>\n

With approximately $14 trillion in total above-ground Gold stock, of which 38% is considered investment grade, including $3.0 trillion in Bullion and ETFs, along with $2.36 trillion held by Central Banks, Gold has long held sway as a safe haven asset.<\/p>\n

However, Checkmate\u2019s analysis indicates that Bitcoin\u2019s presence in this investment-grade sound money market cap is rapidly expanding. Currently representing 15% of the total investment grade market cap, BTC\u2019s growth trajectory suggests a promising future in the realm of sound money assets.<\/p>\n

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Courtesy: Checkmate<\/a><\/figcaption><\/figure>\n

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In a notable observation, analyst Bitcoin Munger highlighted the significant inflows into not one, but two Bitcoin Exchange-Traded Funds (ETFs) in the past week. Interestingly, the analyst also pointed out a striking absence of Gold in the top 20 assets with strong inflows. This observation underscores the evolving landscape of traditional safe-haven assets in the face of Bitcoin\u2019s ascent.<\/p>\n

<\/p>\n

Expressing a perspective on the future, Munger suggested that BTC\u2019s disruption of gold could occur at a pace faster than anticipated by proponents of the precious metal, commonly referred to as goldbugs.<\/p>\n

BTC Price Action<\/h3>\n

Following the release of the US CPI data for the month of January, the Bitcoin (BTC) price took a small dive but continues to hold firmly at $49,500<\/a>. Also, the strong Bitcoin ETf inflows highlight that institutions remain interested in this asset class as Bitcoin continues to mature as an asset class.<\/p>\n

<\/p>\n

Popular crypto analyst Michael van de Poppe appreciated the strong inflow into Bitcoin ETFs. However, he said that there\u2019s no guarantee that the inflows would continue to grow from here. Poppe added that as long as the Bitcoin price maintained $46,000, it would continue to go up.<\/p>\n

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#Bitcoin<\/a> correcting slightly after CPI came out (higher than projected).<\/p>\n

Inflow is great, but it’s not a guarantee that it will go up endlessly.<\/p>\n

As long as #Bitcoin<\/a> stays above $46K, trend remains up.<\/p>\n

Good sidenote: ETH\/BTC bouncing upwards. pic.twitter.com\/gK3j54iGPi<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) February 13, 2024<\/a><\/p>\n<\/blockquote>\n

As per Poppe, the BTC price can rally to $55,000 during the pre-halving rally. Another market analyst Rekt Capital believes that the pre-halving downside is over, and BTC has already transitioned into the pre-halving rally phase.<\/p>\n

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\u2713 Share:<\/p>\n

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The inflows in spot Bitcoin ETF have surged once again in February clocking nearly $500 million a day before. Interestingly, the pace of inflows has caught investors\u2019 attention with many of them expecting that Bitcoin would eat into Gold\u2019s market share sooner than expected. Bitcoin (BTC) \u2013 A sound Money Asset According to insights provided […]<\/p>\n","protected":false},"author":2,"featured_media":246478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-247034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/247034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=247034"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/247034\/revisions"}],"predecessor-version":[{"id":247036,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/247034\/revisions\/247036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/246478"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=247034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=247034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=247034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}